Changes in the threshold for VAT registration and calculated indicators from 2022 in Kazakhstan

Para 4 of Article 82 of the Tax Code about compulsory registration for value added tax will significantly change from 2022. The minimum turnover for VAT registration will be 20 000 times the MCI, in monetary terms, the registration threshold will be KZT 61 260 000, while until 2022 this figure is KZT 87 510 000.

By order of the President of the Republic of Kazakhstan, tax deductions are planned to be transferred from the minimum wage to the minimum calculated index (MCI) from 2022 in order to prevent the growth of indicators dependent on the minimum wage. If the standard tax deduction until 2022 is the minimum wage = KZT 42 500, then from 2022 the standard tax deduction is planned to be 14 times the MCI = KZT 42 882. MCI will be KZT 3 063 from January 1^st, 2022.

Article is prepared by Ekaterina Kassumova

04.11.2021